McWin Capital Partners – Gail’s, Sticks’n’sushi and Big Mamma’s investor – is reportedly in discussions to get a flat iron in the British steak.
Discussions will come about seven months after the restaurant group recruited the boutique advisory company Houlihan Lokey to explore strategic alternatives, including securing third-party investments or making any sales.
According to Sky News, McWin has collaborated with the owners of the owners of the Asian restaurant chains of Asia, the Thai, Pho and Mowgl owners of the Asian private investment company.
The sources told the news agency that McWin “would probably take the greatest financial interest in flat iron” if the deal happens, which may take place over the next month.
Charlie Carroll founded Flat Iron in 2012, initially a pop -up over the London pub before opening his first permanent location that year on Beak Street in Soho. The restaurant originally offered a high quality steak of £ 10, which has since risen to £ 14.
In 2017, Piper, a private equity investment company, invested £ 10 million to invest in the affordable steak restaurant.
Flat iron currently maintains 18 restaurants around the UK, mainly in London, and additional places in Cambridge, Leeds and Manchester.
